What Is Trauma Insurance?by Deepa
What Is Trauma Insurance?
Trauma Insurance is a policy that covers you with a lump sum payment in the unfortunate event that you are diagnosed with an illness, such as cancer, stroke, heart attack, and more. This policy covers up to 45 medical conditions, depending on the insurer that you go with, and the type of coverage you choose. The conditions covered by trauma insurance are mainly illnesses that would make a significant impact on a personâ€™s life upon diagnosis.
Unlike eezy insure, where the benefit is paid to your beneficiary upon your death. Trauma cover ensures that you receive payment upon the confirmed diagnosis of your medical condition. The payout comes in when you need it the most, and can be used at your own discretion to pay off your medical expenses, use it as a daily financial stream, or to ease off the financial burden that is on you or your family during the time of your illness.
Do I Need Trauma Insurance?
We wonâ€™t say that youâ€™ll need trauma insurance, but we highly recommend it, especially if you are not working and have no other insurance cover. Why? Because you never know when your health can take a turn for the worse and it is always better to be prepared.
If you have not set aside funds for a rainy day, or you have heavy debts to clear that might make it difficult for you to handle the expenses of a critical illness, our advisors may recommend that you look into being covered by this policy.
However, if you are working, an income protection policy may be a better option. Ultimately if you are not sure about what insurance cover you need? You can request a free trauma insurance quoteÂ or policy review from eezy insure at anytime.